Nobel Peace Prize winning economist Robert Shiller is no fan of Bitcoin, once saying that the cryptocurrency represents a bubble soon to burst. Now Shiller has changed his tune. Bitcoin is still a bubble, he says, but it’s one that potentially might never burst. “I’m interested in Bitcoin as a sort of bubble. It doesn’t mean […]
Financial experts are worried that Bitcoin mania and the overestimation of the safety of Bitcoin IRAs will normalize the idea of using cryptocurrencies as a viable investment option in retirement planning. It is a retirement savings strategy that is fraught with risk, they say, as well as hidden fees and unpredictability. Auctus, a retirement planning firm, […]
The Dow is now more than 2,000 points off its Jan. 26 all-time high. Meanwhile, Bitcoin is down dramatically form its mid-December peak. Correlation, but causation? A sustained selloff in the stock market certainly would clarify the correlation between the prices of equities and cryptocurrencies, analysts predict. Despite the apparent synchrony between crypto and stocks […]
Is Bitcoin a hedge against stock market risk, like gold, as some early investors hoped? Or something entirely unrelated to investing, a new, extra-official currency, as its creators seemed to intend? The answer could affect investment decisions valued in hundreds of billion of dollars and directly affect Bitcoin’s future valuation. Part of the appeal of […]
Levi Strauss, the namesake of Levi’s jeans, was a genius. He understood there were several ways to get rich in California’s gold rush. The obvious way is to search for gold, hoping to strike it rich. A few miners did succeed in this way, but the odds against success are long. Many miners of the […]
New markets create new, and sometimes very great, wealth. Centuries ago, it was spices. More recently speculators got rich on railroads, then stocks. Now it’s cryptocurrency’s turn. The virtual currency market was created less than a decade ago but already has minted multi-millionaires and even billionaires. Forbes, the keeper of the lists of the world’s […]
Massive profits from cryptocurrency trading creates a problem many coin investors might not realize: How to avoid losing a huge chunk of your windfall to taxes, penalties and fines. In the worst-case scenario, you could be in legal trouble for not reporting gains or fall victim to an IRS audit. There have been numerous stories […]
